This paper examines the existence of the mean-reverting behavior of the consumption-income ratio from a panel of 24 OECD countries through the application of the series-specific SURADF panel unit root test. The results show that the consumption-income ratios in 22 OECD countries exhibit...

Recent natural and manmade disasters have had significant regional economic impacts. These effects have been muted, however, by the of individual businesses and of regional markets, which refers to the inherent ability and adaptive responses that enable firms and regions to avoid potential...